Trading with point and figure

i went long at 11940, but closed for a few points because the buying wasn't as much as i expect from a low
 
Do you these kind of movements make point and figure charts misleading or is p/f still relevant

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inzimam said:
Do you these kind of movements make point and figure charts misleading or is p/f still relevant

Sent from my SM-G950F using Tapatalk
Click to expand...

PnF said trend was down first thing and until we retraced to 12100 it would remain down! I been looking for the bounce/bottom not always easy but if you have finger on button it can be done. When the bounce comes it will be dramatic.
 
Moneylender said:
PnF said trend was down first thing and until we retraced to 12100 it would remain down! I been looking for the bounce/bottom not always easy but if you have finger on button it can be done. When the bounce comes it will be dramatic.
Click to expand...
11870 bounce is big, this might be it

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Nothing in the chart to suggest going long!
 

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Looking slightly more positive would be much happier to have 11920 as support
 

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